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Current Affairs 04th and 05th March 2018: Daily GK Update

Dear Aspirants,
The General Awareness Section of Banking Exams covers numerous sections in it like Banking Awareness, Static GK, and Current Affairs. But the most important thing that you might have noticed is that both the Banking Awareness and Static Awareness questions asked in the General Awareness Section are based on Current Affairs only. The questions on Static and Banking Awareness are related to the countries, events or anything that has been in news for a while. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!!
Current Affairs 04th and 05th March 2018: Daily GK Update

National News


1. India, Vietnam Inks Three MoUs

Current Affairs 04th and 05th March 2018: Daily GK Update |_3.1
i. India and Vietnam inked three agreements in the areas of trade, agriculture and atomic energy. The countries signed an MoU on economic and trade cooperation to establish a framework for enhancing economic and trade promotion.
ii. Another MoU signed on Cooperation between the Global Centre for Nuclear Energy Partnership, India (GCNEP) and the Vietnam Atomic Energy Institute (VINATOM) to strengthen the technical cooperation in the field of atomic energy for peaceful purposes.
Static/Current Takeaways Important for Exams-
  • Vietnam Capital- Hanoi, Currency- Vietnamese dong, President- Tran Dai Quang.

2. India, Vietnam calls upon all nations to adopt comprehensive approach in combating terrorism
Current Affairs 04th and 05th March 2018: Daily GK Update |_4.1

i. India and Vietnam unequivocally condemned terrorism in all its forms and manifestations, including cross-border terrorism. 
ii. In a joint statement issued after the talks between Prime Minister Narendra Modi and Vietnamese President Tran Dai Quang in New Delhi, both leaders have called upon all nations to adopt a comprehensive approach in combating terrorism, include countering radicalisation, recruitment, training and movement of foreign terrorist fighters and blocking sources of financing terrorism.

3. Odisha govt launches ‘Ama Gaon, Ama Vikas’ programme
Current Affairs 04th and 05th March 2018: Daily GK Update |_5.1

i. The Odisha government has launched a programme Ama Gaon, Ama Vikas (Our Village, our development) to reach out to the people in rural areas and involve themselves in the developmental activities. 
ii. Chief Minister Naveen Patnaik has flagged off mobile video vans for ‘Ama Gaon Ama Vikas’ programme that will move across the State to highlight various welfare schemes at villages in the state. 
4. Conrad Sangma to be Next Meghalaya CM
Current Affairs 04th and 05th March 2018: Daily GK Update |_6.1
i. National People’s Party (NPP) President Conrad Sangma will be the new chief minister of Meghalaya. There would be no deputy chief minister for the state.

ii. He will replace Mukul Sangma. 

Static/Current Takeaways Important for Exams-
  • Conrad Sangma is currently Member of Parliament, Lok Sabha from Tura Parliamentary constituency.
  • Meghalaya Capital- Shillong, Governor- Ganga Prasad.
5. Shigmotsav 2018 Celebrated in Goa
Current Affairs 04th and 05th March 2018: Daily GK Update |_7.1

i. Shigmotsav has been organized enthusiastically in Goa. Shigmotsav or Shigmo is one of the several cultural festivals of the coastal state and is celebrated through colours, costumes, music, dance and parades.

ii. Shigmo parades offer glimpses of Goan life depicted through folk dance and music performances by locals.

Static/Current Takeaways Important for Exams-
  • Goa CM- Manohar Parrikar, Governor- Mridula Sinha.
6. Karnataka Unveils Healthcare Scheme ‘Arogya Karnataka’
Current Affairs 04th and 05th March 2018: Daily GK Update |_8.1
i. Karnataka Chief Minister Siddaramaiah unveiled a healthcare scheme named ‘Arogya Karnataka’ (Healthy Karnataka) aimed at benefitting about 1.43 crore households in the state.
ii. It will provide quality primary, secondary and tertiary treatment to both below-poverty-line (BPL) and above-poverty-line (APL) families in the state.
Static/Current Takeaways Important for Exams-
  • Karnataka Capital- Bengaluru, Governor- Vajubhai Vala.
7. Odisha Launches ‘KHUSHI’ Scheme To Provide Free Sanitary Pads
Current Affairs 04th and 05th March 2018: Daily GK Update |_9.1
i. The Odisha government launched KHUSHI scheme to provide free sanitary napkins to school girls across the state. The scheme will be implemented by the health and family welfare department of the state at a cost of 70 crore per year.
ii. Under the scheme, the state will provide free sanitary napkins to 17 lakh girls studying in Classes 6 to 12 in government and government-aided schools. The announcement was made by the CM of Odisha Naveen Patnaik.

Static/Current Takeaways Important for Exams-
  • Odisha Capital- Bhubaneswar, Governor- S C Jamir.
8. “Namaste Shalom”- Magazine on India-Israel Relations Launched
Current Affairs 04th and 05th March 2018: Daily GK Update |_10.1
i. The Union Minister of State (I/C) of the Ministry of Development of North Eastern Region (DoNER), Dr Jitendra Singh, launched the social media of “Namaste Shalom”, a magazine on India-Israel relations.

ii. The magazine ‘Namaste Shalom’ is edited by Tarun Vijay, former MP.


9. India, Israel Inked MoU on Water Conservation

Current Affairs 04th and 05th March 2018: Daily GK Update |_11.1
i. The government of India has signed an MoU with Israel to enhance cooperation on ‘National Campaign for Water Conservation in India’. It was announced by the Minister of State for Drinking Water and Sanitation S S Ahluwalia.
ii. As per this MoU, both sides would work to enhance cooperation at the national, regional and international level to design, implement and monitor a professionally designed National Water Conservation Campaign in India to put water conservation on to the national agenda.
Static/Current Takeaways Important for Exams-
  • The capital of Israel- Jerusalem, Currency- Israeli new shekel.

Awards


10. Oscar Awards 2018: Complete List of Winners

Current Affairs 04th and 05th March 2018: Daily GK Update |_12.1
i. The 90th Annual Academy Awards (also known as Oscar Awards) were held at the Dolby Theatre in Los Angeles, the USA.
ii. The Shape Of Water won the top prize of the night – Best Picture. Jimmy Kimmel hosted the ceremony for the second year in a row.

Find The Complete List of Winners Here


11. Shatrughan Sinha Wins Lifetime Achievement Award in UK
Current Affairs 04th and 05th March 2018: Daily GK Update |_13.1
i. Actor-politician Shatrughan Sinha has been honoured with the lifetime achievement award for his contribution to the fields of arts and politics in the United Kingdom. 
ii. The annual Political and Public Life Awards instituted by Britain’s Asian Voice weekly newspaper was presented at a ceremony in the UK’s Parliament complex in London.

Banking/Economy News 

12. RBI Lifts Per-Borrower Loan Capitalization for MSMEs
Current Affairs 04th and 05th March 2018: Daily GK Update |_14.1
i. The Reserve Bank of India has decided to do away with the per borrower loan limits to Micro/Small and Medium Enterprises (Services) for classification under priority sector lending.
ii. So far, loans to Micro/Small and Medium Enterprises (Services) up to Rs5 crore and Rs10 crore, respectively, were classified as priority sector lending (PSL).
iii. Now all bank loans to MSMEs engaged in providing or rendering services as defined in terms of investment in equipment under the MSMED Act, 2006, will qualify under priority sector without any credit cap.
Static/Current Takeaways Important for Exams-
  • A small enterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs. 2 crore.

13. Government Constitutes a Steering Committee on Fintech Related Issues
Current Affairs 04th and 05th March 2018: Daily GK Update |_15.1
i. A Steering Committee has been constituted by the Ministry of Finance under the Chairmanship of Secretary, Shri Subhash Chandra Garg, Department of Economic Affairs (DEA) to consider various issues relating to the development of Fintech space in India.
ii. The constitution of the committee is in pursuance of the announcement made by the Union Minister of Finance and Corporate Affairs, Arun Jaitley in his Budget Speech 2018-19
Sports News


14. Viswanathan Anand Wins Tal Memorial Rapid Chess Title

Current Affairs 04th and 05th March 2018: Daily GK Update |_16.1
i. World rapid champion Viswanathan Anand annexed the Tal Memorial rapid chess title in Moscow, Russia after an easy final round draw against Boris Gelfand of Israel.
ii. His solitary loss came at the hands of Shakhriyar Mamedyarov of Azerbaijan in the third round.
15. Advani-Led India Wins Snooker Team World Cup 2018
Current Affairs 04th and 05th March 2018: Daily GK Update |_17.1
i. India won the inaugural IBSF Snooker Team World Cup in Doha, Qatar. India beat Pakistan in the best-of-five final.
ii. In the finals, Indian duo of Pankaj Advani and Manan Chandra staged a remarkable recovery after being 0-2 down.
Static/Current Takeaways Important for Exams-
  • IBSF stands for International Billiards & Snooker Federation. 
  • Headquarters- Dubai, United Arab Emirates (UAE).

16. Rashid Khan Becomes Youngest Captain in International Cricket History
Current Affairs 04th and 05th March 2018: Daily GK Update |_18.1
i. The leg-spinner from Afghanistan, Rashid Khan (19-year-old) has become the youngest captain in international cricket history.
ii. He now holds the ICC No. 1 rank for bowlers in both the ODIs and T20Is and also became the youngest player ever to hold the top spot for any form of ICC men’s ranking. 

17. ISSF World Cup 2018- Shahzar Rizvi Sets World Record; Manu Bhaker Wins Gold
Current Affairs 04th and 05th March 2018: Daily GK Update |_19.1
i. On the opening day of the ISSF World Cup at Guadalajara in Mexico, India had won four medals which include two gold and two bronze. Shahzar Rizvi clinched the gold medal with a world record score in his maiden ISSF World Cup appearance. 

ii. Rizvi shot a world record 242.3 in the 10-metre air pistol event’s final to beat reigning Olympic champion, Christian Reitz of Germany, to win the top prize. Manu Bhaker won the gold medal in 10 metre Air Pistol Women.

iii. Pistol ace Jitu Rai won the bronze in the event, as three Indians made it to the finals of the season’s first World Cup. Mehuli Ghosh shot a world junior record 228.4 to win bronze in the women’s 10-metre air rifle event.
Static/Current Takeaways Important for Exams-
  • National Rifle Association of India (NRAI) President- Raninder Singh.
  • Mexican peso is the Currency of Mexico.
  • ISSF stands for International Shooting Sports Federation.
Obituaries
18. Veteran Literateur Prafulla Das Passes Away

Current Affairs 04th and 05th March 2018: Daily GK Update |_20.1
i. Veteran Literateur Prafulla Das passed away. He was 91. He worked in Odia language. He was a recipient of the prestigious “Sarala Award” for his achievement in the literary field.
ii. ‘Banhimana’, the biography of freedom fighter Malati Chaudhury, brought him the Sarala Award in 2014.
Important Days

19. World Wildlife Day- 3 March

Current Affairs 04th and 05th March 2018: Daily GK Update |_21.1


i. World Wildlife Day (WWD) is celebrated across the world on 3 March. It is celebrated to raise awareness of the world’s wild fauna and flora.
ii. The theme for WWD 2018 is “Big cats: predators under threat”.

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